Aishwarya Gupta’s Post

India's refurbished smartphone market outpaces new sales as premium handsets drive festive upgrades.   The demand for new smartphones may have slowed down this festive season in India, but the refurbished market is seeing impressive growth. While the sales volumes for new devices dropped by 3-4%, the refurbished segment is growing in high single digits. Consumers are increasingly trading in older models for premium handsets, which is driving the market forward.   According to IDC | India the refurbished smartphone market is projected to grow at 8% annually, reaching 26.5 million units by 2028. The rising demand for 5G smartphones, especially in smaller cities, is a significant contributor, with 5G models accounting for 75% of sales in the refurbished market, according to Cashify COO Nakul Kumar.   Used Apple iPhones are also pushing up average selling prices, ranging from € 175 to € 825, depending on the model. Cashify reports that they are experiencing a 30-50% increase in month-on-month sales as more consumers opt to trade in their devices during this period.   As the quality of smartphone hardware improves and device prices increase, more consumers are seeing refurbished phones as an attractive alternative. The supply of used devices has improved, but demand continues to exceed availability across price segments. The trend is set to continue, making refurbished and used smartphones a preferred choice for budget-conscious consumers this festive season in India.   #RefurbishedTech #SmartphoneTrends #CircularEconomy #Cashify #IndiaTech #SecondHand

🚀 Did you know that in India, cheap feature phones still reign supreme? 📱 Despite the global smartphone craze, many Indians are not making the switch, posing a unique challenge for tech brands eager to tap into this vast market. India remains a stronghold for feature phones due to their affordability and simplicity. Major tech brands are faced with a dilemma as they strive to convert these users into smartphone buyers. Interestingly, Jio is considering launching a 5G feature phone to capitalize on this trend, blending traditional accessibility with modern connectivity. 🔍 Looking at why these users stick to basic phones could be the key to unlocking massive market potential. What strategies could brands adopt to encourage the shift? Should affordability or technology drive their efforts? 💬 What do you think would make more Indians switch to smartphones? Let’s discuss! Read more about this on TechCrunch ➡️ [Short URL] #TechNews #IndiaTech #Smartphones #FeaturePhones #DigitalDivide #Jio5G

The secondary smartphone market hit 195 million unit shipments in 2023, outpacing growth in new devices! 📱🌍   The used smartphone market continues to thrive, with over 195 million used and refurbished smartphones shipped in 2023—a 6.4% increase from 2022. The total value of these shipments reached an impressive $72.9 billion, up 12.4% year-over-year, according to IDC’s newly launched Worldwide Quarterly Used Device Tracker.   This growth is fueled by a rising demand for high-quality refurbished and used devices, as new smartphone sales recover slowly post-pandemic. Anthony Scarsella, IDC's research director of mobile phones, highlights that "the secondary smartphone market continues to outperform the new device market as inventory quality improves over time." While trade-in programs contribute to the used market, extended refresh rates in developed economies have led to a shortage of premium models, challenging resellers.   Interestingly, Apple and Samsung Mobile dominate the used smartphone landscape, accounting for 64% of the global market. However, IDC analyst Diogo Santos expects that as the market matures, more brands and lower-priced models will claim a larger share.   Looking ahead, the used smartphone market is forecasted to reach 257 million units by 2028, with a compound annual growth rate (CAGR) of 5.7%. This highlights the increasing value and demand for refurbished devices.   #SecondaryMarket #UsedSmartphones #RefurbishedTech #Sustainability #SmartphoneIndustry #IDCTracker 📱🔄🌱

The global smartphone market is poised for significant growth in 2024, driven by pent-up demand and increasing smartphone penetration. However, the pace of growth is expected to slow down in the coming years due to factors such as lengthening refresh cycles and the rise of the used smartphone market. While foldable smartphones continue to gain traction, their growth is projected to moderate due to challenges like durability concerns, limited unique use cases, and shifting vendor priorities towards AI-focused devices. Despite these headwinds, the foldable segment is still expected to maintain double-digit growth over the next five years. Despite the introduction of Apple Intelligence, Apple's smartphone sales have not seen the same growth as other major players in the recovering smartphone market. While the overall market is experiencing growth, particularly in China, Apple's performance has been relatively muted. Factors such as the limited availability of Apple Intelligence and increased competition from Chinese brands have contributed to this. However, IDC predicts that Apple's fortunes will improve in 2025 as Apple Intelligence becomes more widely available and its impact on user experience becomes more pronounced. #IDC #marketresearch #smartphones #technology #mobile #techindustry #5G #AI #foldablephone #Apple #iPhone #technologynews #AI #artificialintelligence #techindustry #business #economy

The Indian #smartphone market is likely to log in 7-8 percent growth in the 2024 calendar year as more people look to buy pricier 5G and AI handsets. Analysts said India’s smartphone market growth will be driven by strong #premiumisation, #5G adoption and post-Covid upgrades. They expect smartphone brands to hike the prices of their devices on the back of rising component costs. Brands, they said, are also investing in expanding #offline retail presence, which is driving costs. CyberMedia Research Counterpoint Technology Market Research

Q2 2024 - Smartphone market assessment from Counterpoint Research is out!! 🌐 𝐆𝐥𝐨𝐛𝐚𝐥: 🔸 289.1 Million Smartphones shipped globally up 8% Y/Y vs slow quarter last year. Though, it is still 20% lower than Q2'19. 🔸Samsung Electronics led the market in volumes with 19% share & 16% in revenues. 🔸Apple led the market in revenue with a healthy 42% share & second with 16% volume share. Apple ASP of $859 remains healthy with rising demand for Pro models. 🔸Xiaomi Technology commanded third spot in volume and revenue with strong traction across India, Middle East, Latin America key growth markets bumping share to 15% mark. 🔸OPPO and vivo are in a tight race. While vivo is stable in China and India, OnePlus struggles for OPPO drove the decline. 🔸The Transsion brands, TECNO, itel and Infinix, performed strongly in Eastern Europe, India and MEA and combined similar scale of competing Chinese brands. Transsion strong foundation in sub-$200 market helps as most competing brands are focusing on $200+ to boost profitability. 🔸Revenues for others jumped thanks to growth from Huawei, HONOR, Motorola Mobility (a Lenovo Company)   𝐆𝐥𝐨𝐛𝐚𝐥 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:: 🔸The premiumization trend continues as the revenue growth for the overall market continues. $400+ segment is now almost 30% of the market. 🔸Gen AI smartphones will drive some volume growth and replacements as more use-cases emerges. 🔸At the same time shift in focus on bringing 5G to sub-$99 will drive replacement rate, FP conversion & also eat into refurbished market starting Q4'24 🌏 𝐂𝐡𝐢𝐧𝐚: ♦ China market grew 6% Y/Y in terms of sales in Q2'24 contributing to global growth, a positive sign for the industry ♦ Vivo maintained its top position with 18.5% share, followed by Apple which saw positive sell-out clearing inventory during 618 festival but sell-in suffered pushing it out of top five in terms of shipments. ♦ Huawei’s sales jumped 44.5% YoY in Q2 2024, the fastest among OEMs in China, thanks to the Pura 70 series and Nova 12 series. ♦ China market is the most competitive with the top five brands in neck and neck 15% share fighting fiercely for every % point of the market since the Huawei comeback stirring the pot. 🌏 𝐂𝐡𝐢𝐧𝐚 Outlook:   ♦ In 2H'24, update of premium product lines, including bar-type and foldable will further intensify competition. 🌏 𝐈𝐧𝐝𝐢𝐚: 🔹 India smartphone shipments fell 2% YoY as the market slowed down before the 2nd half holiday season 🔹Xiaomi jumped back to lead followed by vivo, Samsung and realme 🔹Samsung Electronics led in terms of revenue with growing premiumization trend 🔹Nothing was the fastest growing brand (+567% Y/Y), Moto also at +88% Y/Y 🔹5G now 77% of total shipments, MediaTek leads overall in SoC volumes & Qualcomm in premium segment. Detailed insights in the insight releases below: #5G #smartphones #analysis #AI

The global 5G smartphone market has experienced rapid growth in recent years due to the increasing demand for high-speed connectivity, the expansion of 5G networks, and advancements in smartphone technology. Here are some key trends and factors shaping the 5G smartphone market: 1. Market Growth: - Rise in Adoption: The number of 5G smartphone shipments has seen a significant increase as more consumers and businesses seek to leverage faster data speeds and lower latency. - Key Regions: Asia-Pacific, especially China, has been leading the adoption of 5G smartphones, followed by North America and Europe. - Affordability: The availability of affordable 5G smartphones has fueled growth, with mid-range and entry-level devices entering the market, particularly in developing countries. 2. Major Players: - Apple: With the launch of the iPhone 12 and subsequent models, Apple became a significant player in the 5G smartphone market. - Samsung: A leader in the Android ecosystem, Samsung has a broad range of 5G smartphones across different price segments. - Chinese Brands: Xiaomi, Oppo, Vivo, and Huawei have been aggressively pushing 5G smartphones, especially in Asia and Europe, offering feature-packed devices at competitive prices. 3. Technological Developments: - 5G Chipsets: Qualcomm, MediaTek, and Samsung are the key providers of 5G chipsets, which enable these smartphones to connect to 5G networks. The introduction of affordable 5G chips, such as Qualcomm's Snapdragon 7-series and MediaTek’s Dimensity series, has helped bring down the cost of 5G devices. - Battery and Performance Improvements: 5G phones typically consume more power, leading manufacturers to develop more energy-efficient components and larger batteries. - Foldable and Innovative Designs: As competition grows, brands are integrating new form factors like foldable displays and enhanced cameras into their 5G models to differentiate themselves. 4. Regional Insights: - Asia-Pacific: China dominates the global 5G smartphone market with a high penetration rate of 5G devices, driven by the aggressive rollout of 5G infrastructure. - North America: The U.S. is a key market, particularly with major telecom carriers like Verizon, AT&T, and T-Mobile investing heavily in 5G networks. - Europe: While slower in adopting 5G compared to Asia, European countries are catching up as governments and telecom providers expand. Download the link—Global 5G SmartPhone Market 2023-2030https://lnkd.in/gwT6XsqC The 5G smartphone market is expected to be a crucial segment in the global tech ecosystem, with advancements in AI, IoT, and other digital services further boosting demand. Download the other link –Europe Smartphone Market 2023-2030https://lnkd.in/gk9nCja7 Global 5G SmartPhone Market 2023-2030https://lnkd.in/gwT6XsqC Contact us– @mobilityforesight.com

Q2 2024 - Smartphone market assessment from Counterpoint Research is out!! 🌐 𝐆𝐥𝐨𝐛𝐚𝐥: 🔸 289.1 Million Smartphones shipped globally up 8% Y/Y vs slow quarter last year. Though, it is still 20% lower than Q2'19. 🔸Samsung Electronics led the market in volumes with 19% share & 16% in revenues. 🔸Apple led the market in revenue with a healthy 42% share & second with 16% volume share. Apple ASP of $859 remains healthy with rising demand for Pro models. 🔸Xiaomi Technology commanded third spot in volume and revenue with strong traction across India, Middle East, Latin America key growth markets bumping share to 15% mark. 🔸OPPO and vivo are in a tight race. While vivo is stable in China and India, OnePlus struggles for OPPO drove the decline. 🔸The Transsion brands, TECNO, itel and Infinix, performed strongly in Eastern Europe, India and MEA and combined similar scale of competing Chinese brands. Transsion strong foundation in sub-$200 market helps as most competing brands are focusing on $200+ to boost profitability. 🔸Revenues for others jumped thanks to growth from Huawei, HONOR, Motorola Mobility (a Lenovo Company)   𝐆𝐥𝐨𝐛𝐚𝐥 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:: 🔸The premiumization trend continues as the revenue growth for the overall market continues. $400+ segment is now almost 30% of the market. 🔸Gen AI smartphones will drive some volume growth and replacements as more use-cases emerges. 🔸At the same time shift in focus on bringing 5G to sub-$99 will drive replacement rate, FP conversion & also eat into refurbished market starting Q4'24 🌏 𝐂𝐡𝐢𝐧𝐚: ♦ China market grew 6% Y/Y in terms of sales in Q2'24 contributing to global growth, a positive sign for the industry ♦ Vivo maintained its top position with 18.5% share, followed by Apple which saw positive sell-out clearing inventory during 618 festival but sell-in suffered pushing it out of top five in terms of shipments. ♦ Huawei’s sales jumped 44.5% YoY in Q2 2024, the fastest among OEMs in China, thanks to the Pura 70 series and Nova 12 series. ♦ China market is the most competitive with the top five brands in neck and neck 15% share fighting fiercely for every % point of the market since the Huawei comeback stirring the pot. 🌏 𝐂𝐡𝐢𝐧𝐚 Outlook:   ♦ In 2H'24, update of premium product lines, including bar-type and foldable will further intensify competition. 🌏 𝐈𝐧𝐝𝐢𝐚: 🔹 India smartphone shipments fell 2% YoY as the market slowed down before the 2nd half holiday season 🔹Xiaomi jumped back to lead followed by vivo, Samsung and realme 🔹Samsung Electronics led in terms of revenue with growing premiumization trend 🔹Nothing was the fastest growing brand (+567% Y/Y), Moto also at +88% Y/Y 🔹5G now 77% of total shipments, MediaTek leads overall in SoC volumes & Qualcomm in premium segment. Detailed insights in the insight releases below: #5G #smartphones #analysis #AI

The global smartphone market is anticipated to rebound in 2024, with projections indicating a 6.2% growth. This resurgence is primarily attributed to strong Android performance in emerging markets and China. As these regions expand their technological infrastructure and consumer base, the demand for smartphones is expected to rise significantly, aiding the market's recovery after a two-year downturn.

𝐈𝐬 𝐭𝐡𝐞 𝐞𝐫𝐚 𝐨𝐟 𝐚𝐟𝐟𝐨𝐫𝐝𝐚𝐛𝐥𝐞 𝐬𝐦𝐚𝐫𝐭𝐩𝐡𝐨𝐧𝐞𝐬 𝐨𝐯𝐞𝐫?  India’s smartphone market is shifting gears dramatically, and the changes are too big to ignore. While entry-level devices are taking a nosedive, the premium segment is thriving like never before. Consumers are now willing to invest in sleek, powerful smartphones that offer more than just basic functionality: they're looking for experience, speed, and the latest tech. Find out more about this dual narrative that’s reshaping the industry. For insights like this, subscribe to our biweekly newsletter today- https://lnkd.in/gANQAcUv Manish Narang |R Vishal Oberoi | Kapil Narang | Manas Gupta | Varun Pathak | Vivek Gupta |Sapna Singh | Raaj Dharmanni | Rahul Bhatnagar | Shalini Singh | Mohit Gour | Aakash Bhasin #smartphones #smartphoneindustry #smartphonemarket #apple #iphone #oppo #vivo #consumerinsights #consumerbehaviour #affordability #premium #premiumisation #mrx #marketresearch